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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 6,236 $ 4,956 $ 981
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 44,585 31,952 25,244
Amortization of intangible assets 14,317 7,176 4,902
Loss on impairment   15,320  
Accretion of asset retirement obligation 215 202 140
Amortization of deferred financing costs 3,204 608  
Amortization of original issue discount 425    
Stock-based compensation expense 1,749    
Officer loan compensation expense 1,583 792 625
(Gain) loss on sale of specialty rental assets and other property, plant and equipment 6,872   (31)
Loss (gain) on involuntary conversion 122 (1,678)  
Loss on extinguishment of debt 907    
Deferred income taxes 5,992 10,864 21,878
Provision (benefit) for loss on receivables, net of recoveries 1,183 (98) 426
Provision (benefit) for loss on receivables, net of recoveries 1,183 464 426
Changes in operating assets and liabilities (net of business acquired)      
Accounts receivable 7,440 (25,908) (6,877)
Related party receivable (855)    
Prepaid expenses and other assets (684) (361) (2,385)
Accounts payable and other accrued liabilities (16,826) 5,329 6,600
Deferred revenue and customer deposits (11,177) (20,531) (15,288)
Other non-current assets and liabilities (4,793) (2,420) 4,559
Net cash provided by operating activities 60,495 26,203 40,774
Cash flows from investing activities:      
Purchase of specialty rental assets (84,732) (78,733) (15,315)
Purchase of property, plant and equipment (441) (951) (899)
Purchase of business, net of cash acquired (30,000) (200,099) (36,538)
Proceeds from the sale of specialty rental assets and other property, plant and equipment 1,444   1,562
Receipt of insurance proceeds 386 3,478  
Repayments from affiliates 638 55,645  
Advances to affiliate     (79,056)
Net cash used in investing activities (112,705) (220,660) (130,246)
Cash flows from financing activities:      
Proceeds from borrowings on Senior Secured Notes, net of discount 336,699    
Principal payments on finance and capital lease obligations (2,331) (14,967) (13,827)
Principal payments on borrowings from ABL (48,790) (40,076)  
Proceeds from borrowings on ABL 108,240 59,550 1,994
Repayment of affiliate note (3,762) (256,626)  
Contributions from affiliate 39,107 346,710 125,593
Distribution to affiliate (563,134) (26,738) (23,561)
Recapitalization 218,752    
Payment of deferred financing costs (19,798) (3,473)  
Restricted shares surrendered to pay tax liabilities (90)    
Purchase of treasury stock (18,241)    
Proceeds from affiliate note   130,173 13,500
Cash paid for acquisition of Target     (5,640)
Net cash provided by financing activities 46,652 194,553 98,059
Effect of exchange rate changes on cash and cash equivalents (54) (178) 136
Net (decrease) increase in cash, cash equivalents and restricted cash (5,612) (82) 8,723
Cash, cash equivalents and restricted cash - beginning of year 12,451 12,533 3,810
Cash, cash equivalents and restricted cash - end of year 6,839 12,451 12,533
Supplemental Cash Flow Information:      
Cash paid for interest, net of amounts capitalized 23,581 23,076 955
Income taxes paid, net of refunds received 1,237   620
Non-cash investing and financing activity:      
Non-cash change in accrued capital expenditures (732) (2,277) (440)
Non-cash repurchase of common shares as part of share repurchase program (5,318)    
Non-cash contribution from affiliate - forgiveness of affiliate note 104,285    
Non-cash distribution to PEAC - liability transfer from PEAC, net (8,840)    
Non-cash change in capital lease obligation (1,856)    
Non-cash distributions to affiliate - affiliate note payable incurred for Target acquisition     (221,000)
Non-cash distribution to affiliate - liability transfer from affiliate, net     (9,257)
Non-cash distribution to affiliates - forgiveness of related party receivables and payables, net     $ (171,747)
Non-cash change in specialty rental assets due to effect of exchange rate changes   (663)  
Non-cash consideration in purchase of business, net of cash acquired   $ 1,181  
Algeco Sellers      
Cash flows from financing activities:      
Recapitalization - cash paid to Algeco Seller $ (563,134)